Ayam at a workshop earlier today about insurance and one of the fun activities we did was estimating the cost of living for a family of 4 in KL.

The family
- Family of 4 with 2 parents and 2 kids
- Parents is 40 - 45 y/o and both kids between 2 - 4 y/o
- Living in KL

Cost of Living Estimation
- Housing Loan RM 4000 p/m
- Car loan RM 1,800 /n (1 Honda Civic and 1 Myvi)
- Food RM 1,500 p/m
- Insurance RM 600 p/m (Basic Term Life and Medical Card)
- Utility RM 800 p/m (Electricity, water and internet)
- Grocercies RM 400 p/m
- Transportation RM 400 p/m (Petrol and toll)
- Nursery School for kids RM 1,500 p/m

Total monthly expenses: RM 11,100 a month

Is this accurate ah? Come give feedback yo!

I was thinking about this as well

The presenter make this estimate coz he assuming the family live in 1k sq ft condo that is worth around RM 1 mil.

The cars he say more reasonable to assume one "nice" car and 1 "lowyat" car

Well, the presenter say these figures all based on his experience as insurance agent. This is the rough expenses breakdown for a family of 4 in KL coming in to buy insurance.

Hence the workshop i went to. It was talking about the importance of life insurance. Say the family need some kind of IL policy to sustain this lifestyle for 5 years if one of the parent mati

More like the presenter came up with some ballpark figures. I just list them down only